458 $100 Million Turnaround in the Oil and Gas Industry w/ Mark Marmo of Deep Well Services
When Mark Marmo took over as the CEO of Deep Well Services, the company was losing $2 million per year on $9 million in revenue. Six years later, Deep Well Services was making $30 million in net income on $110 million in revenue.
Mark accomplished this by focusing on bringing an innovative & efficient service to the market, building a healthy company culture, and trusting his data analysts to make good decisions.
In this conversation, Aaron and Mark discuss the standard he has implemented, the challenges of 2020, and the plans Mark is making for the future.
Deep Well Services’ mission is to help make North America energy independent and his team is proud to be working toward that end.
Their clients include Ascent Resources, CNX, Chevron, Shell, XTO Energy, Hess Oil, Eclipse Resources, Range Resources, Gastar, Arsenal, HG Energy, Gulfport, Rice Energy, and Southwestern Energy.
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Mark Marmo’s Challenge; Find a mentor. Build your network. Get into a firm with a great culture.
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Deep Well Services Website
If you liked this interview, check out episode 425 with Matt Wieszczyk where we discuss land rights, gas prices, and the Marcellus Shale formation.
2/14/2022 03:17:22 am
Wow, that's a huge difference. Congrats!
3/3/2022 10:24:45 pm
This is a great news. Thanks for sharing!
3/25/2022 07:43:16 pm
My favorite part of this article is the importance of focusing on the brighter side and gathering ideas from your partner. My brother told me that they want to modernize their business by installing a new deep well pump for a more modern system, and he asked if I had any suggestions. Thanks to your useful article, I'll be sure to remind him that it's best if they contact a reputable deep well pump service, as they can assist with optimum installation.
7/13/2022 10:35:26 pm
Water is continuously available at a consistent pressure from boreholes. The fact that the entire system is designed to service just one property further reduces the likelihood of a malfunction. For instance, about 660 million gallons of water are wasted daily in England and Wales alone due to leaks, which is the same amount of water as 1,180 Olympic-sized swimming pools. This is just one of the numerous issues that may arise with public water systems, making it difficult for you to obtain your water, something that wouldn't occur if you had a private water supply. Because boreholes are so much more dependable, you won't need to be concerned about issues with the mains system.
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